FineTek Co Ltd (4549) - Net Assets
Based on the latest financial reports, FineTek Co Ltd (4549) has net assets worth NT$1.85 Billion TWD (≈ $58.19 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$2.63 Billion ≈ $82.80 Million USD) and total liabilities (NT$781.20 Million ≈ $24.61 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check FineTek Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | NT$1.85 Billion |
| % of Total Assets | 70.28% |
| Annual Growth Rate | 5.88% |
| 5-Year Change | 38.55% |
| 10-Year Change | N/A |
| Growth Volatility | 3.77 |
FineTek Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how FineTek Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore FineTek Co Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for FineTek Co Ltd (2017–2024)
The table below shows the annual net assets of FineTek Co Ltd from 2017 to 2024. For live valuation and market cap data, see 4549 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$1.96 Billion ≈ $61.87 Million |
+10.58% |
| 2023-12-31 | NT$1.78 Billion ≈ $55.95 Million |
+4.30% |
| 2022-12-31 | NT$1.70 Billion ≈ $53.64 Million |
+11.61% |
| 2021-12-31 | NT$1.53 Billion ≈ $48.06 Million |
+7.63% |
| 2020-12-31 | NT$1.42 Billion ≈ $44.66 Million |
+4.09% |
| 2019-12-31 | NT$1.36 Billion ≈ $42.90 Million |
+2.38% |
| 2018-12-31 | NT$1.33 Billion ≈ $41.90 Million |
+1.02% |
| 2017-12-31 | NT$1.32 Billion ≈ $41.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to FineTek Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$602.95 Million | 30.71% |
| Other Components | NT$1.36 Billion | 69.29% |
| Total Equity | NT$1.96 Billion | 100.00% |
FineTek Co Ltd Competitors by Market Cap
The table below lists competitors of FineTek Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NOVAREX Co.Ltd
KQ:194700
|
$178.75 Million |
|
CHC Healthcare Group
TW:4164
|
$178.76 Million |
|
Dynamix Corporation
NASDAQ:ETHM
|
$178.78 Million |
|
Vina San Pedro
SN:VSPT
|
$178.80 Million |
|
Wei Chih Steel Industrial Co Ltd
TW:2028
|
$178.65 Million |
|
TIDEWATER RENEWABLES LTD
F:7GZ
|
$178.57 Million |
|
Amrutanjan Health Care Limited
NSE:AMRUTANJAN
|
$178.52 Million |
|
Falcon Oil & Gas Ltd
F:FAC
|
$178.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FineTek Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,775,792,000 to 1,963,611,000, a change of 187,819,000 (10.6%).
- Net income of 263,745,000 contributed positively to equity growth.
- Dividend payments of 219,156,000 reduced retained earnings.
- Other factors increased equity by 143,230,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$263.75 Million | +13.43% |
| Dividends Paid | NT$219.16 Million | -11.16% |
| Other Changes | NT$143.23 Million | +7.29% |
| Total Change | NT$- | 10.58% |
Book Value vs Market Value Analysis
This analysis compares FineTek Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.89x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.36x to 2.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | NT$29.57 | NT$99.50 | x |
| 2018-12-31 | NT$30.24 | NT$99.50 | x |
| 2019-12-31 | NT$30.96 | NT$99.50 | x |
| 2020-12-31 | NT$26.05 | NT$99.50 | x |
| 2021-12-31 | NT$27.99 | NT$99.50 | x |
| 2022-12-31 | NT$31.04 | NT$99.50 | x |
| 2023-12-31 | NT$32.32 | NT$99.50 | x |
| 2024-12-31 | NT$34.45 | NT$99.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FineTek Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.43%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.60%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.38x
- Recent ROE (13.43%) is below the historical average (16.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 14.85% | 18.43% | 0.68x | 1.19x | NT$63.86 Million |
| 2018 | 16.21% | 19.71% | 0.69x | 1.20x | NT$82.61 Million |
| 2019 | 15.72% | 19.28% | 0.66x | 1.24x | NT$77.86 Million |
| 2020 | 16.22% | 22.83% | 0.52x | 1.35x | NT$88.15 Million |
| 2021 | 18.09% | 21.69% | 0.61x | 1.37x | NT$123.41 Million |
| 2022 | 19.06% | 22.64% | 0.63x | 1.33x | NT$154.19 Million |
| 2023 | 15.08% | 19.59% | 0.62x | 1.25x | NT$90.26 Million |
| 2024 | 13.43% | 20.60% | 0.47x | 1.38x | NT$67.38 Million |
Industry Comparison
This section compares FineTek Co Ltd's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $4,128,336,556
- Average return on equity (ROE) among peers: 8.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FineTek Co Ltd (4549) | NT$1.85 Billion | 14.85% | 0.42x | $178.69 Million |
| Chroma ATE Inc (2360) | $6.48 Billion | 23.72% | 0.53x | $28.29 Billion |
| Good Will Instrument Co Ltd (2423) | $2.43 Billion | 11.91% | 0.44x | $262.76 Million |
| Test Research Inc (3030) | $8.28 Billion | 22.18% | 0.22x | $2.55 Billion |
| Altek Corp (3059) | $10.82 Billion | 1.77% | 0.76x | $389.97 Million |
| RoyalTek Co Ltd (3306) | $1.51 Billion | 1.18% | 0.18x | $73.98 Million |
| Globalsat Worldcom (3499) | $620.88 Million | 1.30% | 0.65x | $26.84 Million |
| Materials Analysis Technology (3587) | $2.72 Billion | 9.04% | 0.57x | $700.15 Million |
| Sysgration Ltd (5309) | $3.29 Billion | 3.53% | 0.55x | $383.52 Million |
| Kingwaytek Technology Co Ltd (6516) | $996.40 Million | 4.62% | 0.13x | $106.96 Million |
About FineTek Co Ltd
FineTek Co., Ltd. manufactures and sells various industrial sensors, material/liquid level switches, and motor terminals in Taiwan and internationally. The company offers liquid and solid switches, and liquid and solid level transmitters; flow measurement switches and transmitters; pressure level transmitters and switches; temperature transmitters and thermocouples; and grain monitoring systems, … Read more